How to Read Token Holder Distribution
To read token holder distribution, open the holder list, set aside the liquidity pool, burn address and known contracts, then look at how much of the remaining supply the top wallets control. A spread-out supply across many independent wallets is healthier than one where a few addresses can move the price alone. What does token holder distribution tell you? Holder distribution is the map of who owns a token's supply. Every token on BNB Smart Chain, Ethereum and other networks records balances on-chain, so anyone can see which addresses hold it and how much each one has. That map answers a practical question: if the largest holders decided to sell at the same time, what would happen to the price? When supply is concentrated, a single wallet can crash the market, drain liquidity through heavy selling, or control votes in a governance token. When supply is spread across many independent holders, no single sale decides the price, and the token's market reflects real demand more ...